Luxury houses, streetwear and the Asian designers shaping global style.
LVMH, the parent company of brands including Louis Vuitton, Dior and CÉLINE, announced plans for its Luxury Ventures initiative in 2017 with the aim of acquiring minority stakes in emerging luxury brands. The latest brand to get backing from the programme is…
Shiseido Travel Retail has celebrated the relaunch of luxury brand, Clé de Peau Beauté with ‘A Radiant Day’ campaign, fronted by new global Ambassador – Academy Award-Nominated British actress, Felicity Jones. The campaign coincides with the introduction of…
French cosmetics giant L’Oreal reports “spectacular” growth for last year, particularly in Asia. It had growth acceleration of 5.5 per cent in the fourth quarter with sales exceeding €10 billion (US$12.2 billion) in the ‘new markets’, which include Asia…
RIL CREED’s collection of sustainable and ethical Japanese handbags opens its first flagship boutique in Hong Kong. Launched in 2012 in Japan and 2014 in Hong Kong, The Japanese handbag label RIL CREED is designed by Hanada Kazue, a seasoned designer who has…
Macy’s has launched what it describes as a “modest clothing brand” – the Verona Collection – targeting Muslims and women seeking conservative styling. The brand was founded by Lisa Vogl and finds its way onto Macy’s online store this month after Vogl…
Asia’s pre-owned luxury fashion market is continuing to grow, with shoes and t-shirts gaining ground, according to multichannel retailer Reebonz. Although bags continued to dominate, with an average of 77 per cent of total transactions in 2016 and 2017, both…
Announced in September 2017 during the spring/summer 2018 shows, the much anticipated “Off White c/o Jimmy Choo” collaboration will be launched globally on 21 February 2018 both online and in store. To mark the occasion, the two brands will open a pop-up…
JAB Holding has sold its controlling stake in Swiss apparel and accessories label Bally to Chinese textile manufacturer Shandong Ruyi Group, as tipped last month. JAB, which once owned Belstaff and Jimmy Choo, was said to be seeking US$700 million for Bally…
L’Oréal Travel Retail has introduced the Giorgio Armani Box pop-up store to travel retail, at Hong Kong International Airport. The Armani Box, in Departures East Hall Level 6 North, was open throughout January. The concept launched in 2017 and has been…
Shoe retailer Skechers posted a 27 per cent increase in sales in the last quarter, powered by a 40 per cent increase in international wholesale sales, and a strong performance in China. “Last year was monumental for Skechers as we achieved sales of more than…
Puma Japan has launched a red-and-white themed collection that pays homage to the Hello Kitty character. At the centre of the limited-edition collection is a pair of sneakers created to mark the 50th anniversary of Puma Suede. For the collection, Hello Kitty…
Columbia Sportswear has reported record fourth quarter net sales of US$776 million for the three months to December. The figure represents an 8 per cent increase on the same period a year earlier. Fourth quarter operating income was $109.4 million, but the…
Hermes international sales showed strong growth last year, pushed by an upward curve in Asia. Sales for the French fashion brand were up 9 per cent at constant exchange rates, with consolidated revenues reaching €5.5 billion (US$6.7 billion). After adjustment…
With store openings and competitive pricing, H&M India has upped its turnover 94.5 per cent in India for the year to the end of November. The Swedish fast-fashion retailer’s turnover reached INR955 crore (US$148 million) for the 12 months. Its growth follows…
L’Oréal’s 2017 sales climbed +2% year-on-year (at constant exchange rates) to €26 billion. Like-for-like sales were up +4.8% and net profit (excluding non-recurring items) increased +2.8% to €3.7 billion. The company noted the “strong potential” of its travel…
Korea Ginseng Corp (KGC) is expanding into the health and beauty market with experimental stores. Called “Lounge 1899” as a way to emphasise 119 years of history of its ginseng, the stores target consumers in their 20s and 30s and foreign tourists. They allow…
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